News for hackers. Stuff that matters.

A comment on Making sense of what’s going on in the housing market. Parent comment

Re:Making sense of what’s going on in the housing market by smalltalks on Wednesday April 21, 2021 @11:26AM (#26890910)
> The housing supply argument doesn’t hold up to me

Strongly disagree with you , I'm in Europe. I'm in the 25% richest of my state , I can't manage to rent a home because every time I contact a landowner for a property to rent there is 30+ person who applied before me within 4 hours...

Covid-19 has created a "remote economy" boom as well as accelerated household project to move to another state and acquire a property or just to invest in real estate.

Thus real estate market is performing just as expected... As long as the supply does not meet the demand the price goes up.

For crypto it's different , 99% of crypto transactions are speculation base. It's by design.

[ Parent | on HN ]
Re:Making sense of what’s going on in the housing market by KptMarchewa on Wednesday April 21, 2021 @02:09PM (#26893320)
>Strongly disagree with you , I'm in Europe. I'm in the 25% richest of my state , I can't manage to rent a home because every time I contact a landowner for a property to rent there is 30+ person who applied before me within 4 hours...

Why won't landlords raise prices then?

[ Parent | on HN ]
Re:Making sense of what’s going on in the housing market by ChuckNorris89 on Wednesday April 21, 2021 @04:48PM (#26895247)
>Why won't landlords raise prices then?

Rent control?

[ Parent | on HN ]
Re:Making sense of what’s going on in the housing market by KptMarchewa on Thursday April 22, 2021 @11:20AM (#26903728)
Then you have your answer why you can't rent.
[ Parent | on HN ]